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Asia Pacific Oil Immersed Shunt Reactor Market Share

Report ID: GMI6955
Published Date: Oct 2023
Report Format: PDF

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Asia Pacific Oil Immersed Shunt Reactor Market Share

General Electric (GE) has established and maintained a substantial market share in the shunt reactor industry in the Asia Pacific through a combination of technological innovation, a strong regional presence, and a commitment to meeting the region's evolving energy needs. GE's extensive portfolio of high-quality shunt reactors, known for their reliability and advanced features, has earned the trust of utilities and grid operators across Asia Pacific. The company's commitment to environmental sustainability aligns with the region's growing focus on eco-friendly solutions.

Moreover, GE's local manufacturing facilities and customer support centers ensure responsive service and tailored solutions that cater to the diverse requirements of the Asia Pacific market. By consistently delivering products that control voltage and enhance grid stability, GE has solidified its position as a trusted and influential player in the oil-immersed shunt reactor market in the region.

Some of the key market players operating across the Asia Pacific oil immersed shunt reactor industry are:

GE
Siemens Energy
Toshiba Energy Systems & Solutions Corporation
CG Power & Industrial Solutions Ltd.
Hitachi Energy Ltd.
HYOSUNG HEAVY INDUSTRIES
TMC TRANSFORMERS MANUFACTURING COMPANY
NISSIN ELECTRIC Co.,Ltd.
Fuji Electric Co., Ltd.
GBE S.p.A
WEG
SGB SMIT
Shrihans Electricals Pvt. Ltd.
TBEA
Alstom

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

Asia Pacific market for oil immersed shunt reactor was exceeded USD 608.7 million in 2023 and is projected to witness over 5.9% CAGR from 2024 to 2032, due to the increasing demand for electricity in the region driven by rapid industrialization and urbanization.

Demand for oil immersed fixed shunt reactors reached over USD 360 million in 2022 and will record over 5% CAGR up to 2032, owing to advantages, such as simplicity, reliability, minimal maintenance and prolonged service life.

China oil immersed shunt industry size is poised to witness over 5.5% CAGR through 2032, due to the rapid urbanization and industrialization along with the substantial increase in electricity demand across the nation.

Some of the prominent oil immersed shunt reactor market players include GE, Siemens Energy, Toshiba Energy Systems & Solutions Corporation, CG Power & Industrial Solutions Ltd., Hitachi Energy Ltd., HYOSUNG HEAVY INDUSTRIES, and TMC TRANSFORMERS MANUFACTURING COMPANY.